For the Indian economy, agriculture is one of the strongholds and it makes for about 18.5 % of the nation’s gross domestic product. Maize or corn is a coarse grain and is now also accepted as a staple diet in India. The demand and supply of maize are growing with each passing year. After rice and wheat, maize corn is the third most imperative crop or cereal crop. It is a fact that out of the total output, 49% of it is used as poultry feed, 12% is put into use as animal feed, 25 % food, 13 % as corn starch, and 1% as seed. The important maize corn-producing states are Andhra Pradesh, Karnataka, and Maharashtra. The value-added products which are obtained as a result of corn starch processing are liquid glucose, corn gluten, sorbitol, dextrose monohydrate, and others.
Maize is mainly preferred in poultry feed because of its easy availability. India has grown to be the fifth-largest egg produced globally and the 18th largest producer of broiler chicken. In the industry of poultry feed industry, maize constitutes of about 60% of the feed and hence is critical raw material. Maize production is increasing faster than that of all other cereals and all the credit goes to growing demand as poultry feed and for human and industrial consumption.
Related Books: – Starch & Its Derivatives
Corn starch Market Growth Drivers:
The high maize production across the globe is one of the major driving factors for the maize starch market. Maize is one of the most easily produced crops in the world and its global production between 2018-2019 was anticipated at 1068.30 million tons. A high maize production supplements cornstarch market growth by making the product available more than required. Since maize starch is available in such a high quantity, it is used in various industries, the prominent one being food and beverages.
Book Link: Handbook on Maize (Corn) Processing and Manufacture of Maize Products
Related Videos: – Maize, Corn and its By Products
The second factor that is driving the growth is the industrial starch market demand for maize starch. For its natural adhesive quality, cornstarch is often used as an industrial starch especially in the manufacturing of paper and packaging. Coating of paper is done with the help of starch as the final product is smooth, white, and stable.
The textile factories are another consumer of cornstarch as they use the product for providing stiffness to the clothes. Such wide and diverse use of cornstarch helps in generating demand for its market.
The Forecasted Market of Maize Starch
The market of global maize starch is anticipated to increase at a CAGR of 6.3% in the forecasted period.
Related Project:- Business Plan of Maize Starch Production
- The industry of paper utilizes maize starch as filler and sizing material. It also finds application in textile, laundry, foundry, air flotation, oil-well drilling, and adhesives. Although much of starch is employed in its natural form, it is also easily converted to other forms. Most of the maize starch is made into starch syrups and the balance is made up of native and modifies starches.
- The factors which affect the demand for starch majorly consists of population growth and industrial development of a country. Especially the food and beverage textiles, paper and printing, pharmaceuticals and other health and beauty products, and adhesives.
- The demand for maize starch is increasing in Asia-pacific. Adoption of clean label ingredients and growing consumer awareness in the developing countries are factors governing the bolstering demand for corn starch.
Conclusion
“Maize Starch – Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost And Revenue, Plant Economics” is the project report by NPCS which analysis the market, confirms the availability of different necessities of plant and machinery, assess market potential, etc. You can get this and various other project reports from the official website of NPCS.
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